Richard Wagoner Change Quotations

These are difficult decisions that involve sacrifices by our employees, stockholders, retirees, and the senior leadership team. However, we are confronting a dramatic change in our industry and in the global competitive environment, and that requires us to look for additional ways to reduce financial risk and improve our competitiveness for the long term.

While we are encouraged by the speed and scale of the changes we're implementing, there is clearly more work to be done.